China approves ICBC-Goldman JV to start offering wealth services

Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs Group Inc had received the country's banking regulator's approval to begin operations.

newspaper

24-06-2022

Stellantis production stoppages in France linked to Continental, sources say

PARIS (Reuters) -Production stoppages at two Stellantis auto plants in France stem from shortages in components from German supplier Continental, two sources close to Stellantis said on Friday.

newspaper

24-06-2022

BOJ deputy governor repeats vigilance of FX impact on economy

The Bank of Japan must closely watch the impact currency moves could have on the economy, its deputy governor Masayoshi Amamiya said on Friday, reiterating a warning over the damage the currency's fall to 24-year lows may have on a fragile recovery.

newspaper

24-06-2022

Japan's inflation tops BOJ target for 2nd month in test of monetary stance

TOKYO (Reuters) -Japan's annual core consumer inflation topped the central bank's target for a second straight month in May, data showed on Friday, highlighting the intensifying pressure on the country's fragile economy from soaring global raw material costs.

newspaper

24-06-2022

Japan's May consumer inflation tops BOJ target for 2nd straight month

Japan's annual core consumer inflation topped the central bank's target for a second straight month in May, data showed on Friday, highlighting the intensifying pressure on the country's fragile economy from soaring global raw material costs.

newspaper

23-06-2022

Shanghai's fashion stores struggle to clear lockdown stock hangover

Almost a month since Shanghai lifted its strict COVID-19 lockdowns, fashion retailers are stuck with piles of unsold stock as cautious consumers stay away from the commercial hub's glitzy shopping districts.

newspaper

23-06-2022

Chile's Codelco and workers reach agreement to end strike

SANTIAGO (Reuters) -Union leaders at Chile's state-owned mining firm Codelco, the world's largest copper producer, reached an agreement with the company on Thursday to end a national strike over the decision to close a smelter located in a highly polluted area.

newspaper

23-06-2022

Explainer-What charges could Trump face over efforts to overturn the 2020 election?

The U.S. congressional committee probing the Jan. 6, 2021, assault on the U.S. Capitol has sought in hearings this month to build a case that then-President Donald Trump's efforts to overturn his 2020 electoral defeat amounted to illegal conduct.

newspaper

23-06-2022

Benettons, Blackstone obtain Italy's green light on Atlantia takeover bid

The Benetton family and U.S. fund Blackstone secured a green light from the Italian government for their takeover offer for infrastructure group Atlantia, their vehicle Schema Alfa said on Thursday.

newspaper

23-06-2022